Form 4: Agenus Inc. Director Timothy Wright Reports Acquisition of Deferred Stock Units

Director Timothy Wright reports acquisition of 14,134.924 Deferred Stock Units in Agenus Inc. under the company's deferred compensation plan.

Summary

• On April 1, 2024, Timothy Wright, a director of Agenus Inc., acquired 14,134.924 Deferred Stock Units (DSUs) under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan.
• These DSUs convert to shares of Common Stock on a 1 for 1 basis.
• The price of each DSU acquired was $0.66, based on the average closing price of Agenus Inc.'s common stock during the preceding calendar quarter.
• Following the transaction, Wright directly owns 192,858.238 shares of Agenus Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The Deferred Stock Units will be distributed under the terms of the Plan, typically once the director ceases to serve as a director of the Company.

Industry Context

This Form 4 filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of executive compensation in publicly traded companies.

Key Dates